The American Petroleum Institute said that oil inventories fell by 5.8 million barrels in the week ending on the eleventh of November. The American Institute stated in its weekly report that gasoline stocks rose by 1.7 million barrels, and distillate stocks rose by 850 thousand barrels. Today, Wednesday, the US …

European stocks opened slightly lower on Wednesday, November 16th, with Mercedes-Benz Group leading the decliners in the auto sector, while an explosion in Poland kept sentiment weak and pushed defense stocks higher. The Stoxx Europe 600 Index lost 0.2%. Mercedes-Benz shares fell 3.5% after a report said that the German …

Japan’s Nikkei index recovered losses to end higher on Wednesday, after fears of an escalation in the Ukraine crisis faded after US President Joe Biden said an explosion in NATO member Poland may not have been caused by a missile fired from Russia. The Nikkei index increased by 0.14 percent, …

Oil, Crude, trading

Strong negative trades dominated the Canadian dollar’s movements within the main bearish trend, as we expected, approaching by a few pips from the official target of 1.3200, recording its lowest level at 1.3224. Technically, we tend in our trading to be negative, relying on the negative pressure coming from the …

Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures contracts during the previous trading session, recording its highest level of $88.65 per barrel. Technically, the 4-hour chart shows that oil failed to cross upwards and rise above the ascending channel line. The bearish slope stimulates the negative pressure from …

Gold prices were able to touch the official target of the report issued on yesterday’s session at 1787, explaining that the price behaviour of the mentioned level must be monitored. Technically, we find gold prices stable in an intraday manner above the support level of 1763. We also find the …

The single European currency achieved all our bullish targets during the previous report, reaching the final target at 1.0465 and recording its highest level at 1.0480. On the technical side, the pair found a strong resistance level around the level published yesterday 1.0465, which forced it to retreat to the …

Oil prices fell more than $1 a barrel on Tuesday, after a spike in COVID-19 cases in China revived fears of a drop in fuel consumption in the world’s top crude oil importer. Brent crude futures fell $1.07, or 1.15 percent, to $92.07 a barrel by 1005 GMT, after falling …